Here’s a pretty good link from the FRB of St. Louis showing a timeline of financial crisis events, including this recent beauty:
December 11, 2009 | U.S. House of Representatives Press Release
The U.S. House of Representatives approves legislation that would create a Financial Stability Council to identify financial firms that pose systemic risk and which will be subject [...]
Dear readers:
I apologise for the lack of posts lately. I have been out of town at the Austrian Scholars Conference. I presented a paper with Mark Thornton on Richard Cantillon and how (we argue) Cantillon views entrepreneurship theory as leading to discovery of economic theory. It was a great conference although travel from OZ to [...]
On my to-watch list: The Ascent of Money. Here is a description from PBS.org:
In THE ASCENT OF MONEY, author, economist and historian Niall Ferguson traces the evolution of money and demonstrates that financial history is the essential back-story behind all history.
Perhaps others will be interested in watching and commenting on this 2-hour program. From the [...]
12,070,595.75 Zimbabwe Dollars = $1 US Dollar
I decided to post some additional charts from Shadowstats.com (see more here; previous post here).
From their website on unemployment:
The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated “discouraged workers” defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment.
And, finally, GDP growth:
I learned about shadowstats.com, an excellent website, from a FEE lecture.
This CPI chart shows the govt calculation (red line), which uses the govt method from the 1990s, and the much higher (and more accurate) SGS Alternate (blue line), using the govt method from the 1980s. This is one of the reasons I wrote my Lewrockwell.com [...]
Whenever I listen to Econtalk’s Russ Roberts talk about the current financial crisis I am always waiting for him to come out and blame the Federal Reserve. He seems to be a Hayekian, which doesn’t translate into an Austrian, although I am pretty sure he is a small govt libertarian. But for some reason he [...]
